JAMESTOWN – Your calculators can rest easy on Thursday, for most of us this year April 15 is not tax day this year.
The IRS has delayed its federal tax filing deadline for the most part until May 17.
New York State has also extended its deadline to May 17.
The delay gives individual filers, tax preparers and the IRS a chance to look at any changes that may effect this year’s filings.
There are two exceptions. Anyone who pays estimated taxes, like many small business owners, still must make their usual payment in by April 15. Victims of February’s winter storms, who live in Texas, Oklahoma and Louisiana, have until June 15 to file their taxes.
The American Rescue Plan excludes the first $10,200 of unemployment benefits from federal taxes for those making less than $150,000.